Avalanche's price hovers near $6.35 following the launch of the Neuberger Securitize High Income Tokenized Fund (HINC), a new fixed-income tokenized fund on its blockchain. The fund, sub-advised by Neuberger Berman, includes high-yield bonds, collateralized loan obligations (CLOs), and leveraged loans, marking a significant addition to Avalanche's growing real-world asset offerings. Despite the launch, AVAX remains below the short-term resistance level of $6.43, with potential price moves depending on breaking this level or falling below $6.20. The fund launch highlights Avalanche's expanding role in tokenizing traditional financial assets, with the network's real-world asset market nearing $2 billion.
Ava Labs, the developer of the Avalanche blockchain, has promoted Charley Cooper to president and Lydia Chiu to permanent chief financial officer. Cooper, previously COO, brings extensive regulatory experience from his time at the Commodity Futures T...
Avalanche (AVAX) price fell 2.39% to $6.34 as most altcoins weakened, making AVAX one of the poorest performers despite a flat overall crypto market. The decline lacks a specific catalyst and reflects broad market risk-off sentiment. However, whale a...
Avalanche (AVAX) has extended its bullish run for three consecutive days after bouncing off pennant support around $6.14. This price recovery coincides with a 360% increase in real-world asset (RWA) transaction volume on the Avalanche network, reachi...
